Description

Exceptional Restaurant& Business Assets Opportunity...This is a completely rehabbed building that has been brought up to code in all aspects including newer kitchen, hood, refrigeration, grill, ADA compliant restrooms, complete bar with full liquor license, entertainment stage and floor, well appointed dining room that has been restored to expose original tin ceiling and period decor, video gaming and much more..... Building is being used as an upscale restaurant that is open on a limited schedule basis and for scheduled specialty events such as business & social meetings, anniversaries, wedding parties, bridal showers and similar.... Assets are currently underused leaving new ownership substantive upside potential. It is a turn-key restaurant with Class A liquor license, Video Gaming and all amenities in place to take it to the next level of excellence. Second level currently used for office and storage with other optional uses available.... Motivated Seller!!!

School Ratings & Info

Description

Exceptional Restaurant& Business Assets Opportunity...This is a completely rehabbed building that has been brought up to code in all aspects including newer kitchen, hood, refrigeration, grill, ADA compliant restrooms, complete bar with full liquor license, entertainment stage and floor, well appointed dining room that has been restored to expose original tin ceiling and period decor, video gaming and much more..... Building is being used as an upscale restaurant that is open on a limited schedule basis and for scheduled specialty events such as business & social meetings, anniversaries, wedding parties, bridal showers and similar.... Assets are currently underused leaving new ownership substantive upside potential. It is a turn-key restaurant with Class A liquor license, Video Gaming and all amenities in place to take it to the next level of excellence. Second level currently used for office and storage with other optional uses available.... Motivated Seller!!!

Exterior Features

Approx Land Sq Footage

2000

Construction

Wood Frame

Frontage Access

City Street

Location

Central Business District

Lot Dimensions

28' X 140'

Lot Sq Ft

4867

Number Of Parking Spaces

2

Roof Coverings

Shingle Composition

Waterfront YN

No

Interior Features

Air Conditioning

Central Air

Miscellaneous Inside

Handicapped AccessHandicapped Equip Washroom/SPrivate Restroom/S

Number Of Stories

2

Outdoor Parking

31-50 SpacesCommon ParkingLightedOpenPublic Lot

Property Features

Adj Net Inc Expense Source

Broker Projection

Adjusted Net Income

0

Ann Rnt Expense Source

Broker Projection

Annual Rent For Real Estate

0

Business Age

4-6 Years

Business Type

Restaurant

Corporate Limits

Sandwich

Cost Of Goods Expense Source

Broker Projection

Cost Of Goods Sold

0

Cost Of Goods Year

2017

Current Use

Commercial

Electrical Service

101-200 Amps

Food Beverage Type

RestaurantFine Dining

Gross Payroll

0

Gross Payroll Expense Source

Broker Projection

Gross Payroll Year

2017

Gross Profit

0

Gross Profit Expense Source

Broker Projection

Gross Profit Year

2017

Gross Sales Ann Expense Source

Broker Projection

Gross Sales Ann Year

2017

Gross Sales Annual

0

Heat Ventilation

Forced AirGas

Inventory

0

Inventory Expense Source

Broker Projection

Inventory Year

2017

Known Encumbrances

None Known

Living Quarters

Possible

Miscellaneous Outside

Handicapped AccessPatioSecurity SystemSun Deck

Net Operating Income Year

2017

Net Profit

0

Net Profit Source

Broker Projection

Number Of Emp Part Time

4

Possession

Closing

Potential Use

Commercial

Property Offered

For Sale Only

Proprietary Info

DemographicsFurniture/Fix/Equip ListTax BillTraffic Counts

Real Estate Included YN

Yes

Seating Capacity

51-75

Tax Year

2017

Taxes

2729

Tenant Pays

Air ConditioningCommon Area MaintenanceElectricHeatJanitorialScavenger

124
Main Street
Sandwich,
IL
60548

Price: $324,900

Status: Active

Updated: 83 min ago

MLS #: 09909082

0

Beds

0

Baths

0

½ Baths

Less Than .25 Acre

Acres

2,800

SQFT

$116

$/SQFT

Neighborhood:

Sandwich

County:

De Kalb

Area:

Sandwich

Property Description

Exceptional Restaurant& Business Assets Opportunity...This is a completely rehabbed building that has been brought up to code in all aspects including newer kitchen, hood, refrigeration, grill, ADA compliant restrooms, complete bar with full liquor license, entertainment stage and floor, well appointed dining room that has been restored to expose original tin ceiling and period decor, video gaming and much more..... Building is being used as an upscale restaurant that is open on a limited schedule basis and for scheduled specialty events such as business & social meetings, anniversaries, wedding parties, bridal showers and similar.... Assets are currently underused leaving new ownership substantive upside potential. It is a turn-key restaurant with Class A liquor license, Video Gaming and all amenities in place to take it to the next level of excellence. Second level currently used for office and storage with other optional uses available.... Motivated Seller!!!